ROLE PURPOSE

• Principle financial reports – monthly, quarterly, royalty payment calculations
• Margin chargebacks – provisions for margin / monthly reconciliation
• Capply-dit notes for promotions and other income
• Store Feasibility studies
• Brand P&L updates
• P&L store level, head office level and Ecom level management.
• Review of costs and expenses
• Reporting & analysis
• Reconciliation
• Setting up financial process across all markets (200 brands across 3 countries)

KEY ROLE SPECIFIC ACCOUNTABILITIES

Financial Planning & Analysis

• Develop routine and ad-hoc reports of Watsons to management that deliver visibility to financial results and trends.
• Analyze financial results, comparing actual and year-to-date performance with prior periods, forecasts, and plans.
• Interact with department managers, leasing & planning team and run simulations on various “what-if” scenarios using insight and critical thinking to evaluate and make recommendations about critical business decisions.
• Liaise with planning team to build and make recommendations on Open-to-buy (OTB) for Inventory optimization.    
• Accurate and timely delivery of periodical MIS reports

Monthly MIS & Reporting

• Prepare monthly and quarterly reporting deck of Watsons for senior management focusing on key performance indicators (KPI) and detailing financial performance relative to plan and suggest action plan for improvement.
• Work with Retail FP&A and Group Finance to ensure integrity in financial planning function and perform analytical analysis supporting executive management understanding of divisional performance.
• Regular operational and financial performance reports to relevant stakeholders.
• Enhance automation to improve efficiency          
• Accurate and timely delivery of periodical MIS reports

MIS Systems ownership (SAP, BPC, BIW, Tableau, Anaplan etc.)

• Collaborate with accounting team in month-end close, analyze and advise on monthly accruals and reclassifications in respective ERP.
• Prepare reports from SAP, BPC and circulate it to relevant stakeholders.
• ANAPLAN : The retail group has implemented a new software to automate the Financial Planning & Analysis function. The role holder has to independently handle the testing and usage of the tool to upload Budget, forecast and Strategic Plan for Watsons

Budgeting Forecasting & Strategic Plan

• Liaise with depts, operations, planning to build brand and divisional budget, strategic plan and quarterly forecast with key assumptions and action plan to deliver.
• Prepare and manage presentations with Retail and Group Leadership.    
• Investment Committee & Feasibility Analytics
• Prepare feasibility studies for new projects and determine NPV and payback periods.
• Build business case models for group investments and create and submit IANs for group approval
• Prepare IANs for store lease renewals and closure.          
• Accurate and timely submission of IANs in the system

Cashflow management – Group Treasury

• Collaborate with group treasury to manage cash flow requirements of Watsons
• Provide relevant data to Group Treasury on currency hedging requirements.      
• Accurate and timely data consolidation and submission

Job Details

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